Is There More To The Story of JP Morgan Owning The Titanic?
JP Morgan owned The Titanic
John Pierpont (J.P.) Morgan, an American tycoon, owned the Titanic through his company, which was the controlling trust and retained ownership of the White Star Line. The Titanic was registered as a British ship, but it was owned by Morgan.
Morgan deliberately missed the trip on the Titanic
There are theories suggesting that J.P. Morgan orchestrated the sinking of the Titanic to eliminate three prominent businessmen who opposed the formation of the Federal Reserve. These men were Benjamin Guggenheim, Isidor Straus, and John Jacob Astor, all of whom perished in the sinking of the Titanic. There may be evidence to suggest that Morgan deliberately missed the trip because he had knowledge that the ship would sink.
As for the creation of the Federal Reserve, it’s important to note that during Morgan’s era, the United States had no central bank. He used his influence to help save the nation from disaster during several economic crises. After the panic of 1907, and at the urging of J.P. Morgan and other prominent financiers, Congress eventually formed the Federal Reserve Act in 1913, establishing the Fed as America’s central bank. Since then, the Fed has played a crucial role in steering America’s monetary policy and staving off economic challenges.
In terms of the Central Bank System, Morgan’s influence is still felt today. For example, a report by J.P. Morgan recognizes the potential of a central bank digital currency framework as an effective blueprint to introduce greater efficiencies that exist in wholesale payments occurring across borders.
While J.P. Morgan was indeed a powerful figure in American finance and had connections to both the Titanic and the Federal Reserve, the claim that he sank the Titanic to establish the Federal Reserve may be more than a conspiracy theory.
John Pierpont (J.P.) Morgan
John Pierpont (J.P.) Morgan, born on April 17, 1837, in Hartford, Connecticut, was a prominent American industrialist and financier. He hailed from a distinguished New England family and was groomed by his father for a career in international finance. Morgan began his career in the New York financial industry in the late 1850s. He co-founded the banking firm that became J.P. Morgan & Co. in 1871. In the 1880s, he established himself as a power player in the country’s railroad industry. Morgan used his personal power and reputation to encourage the formation of trusts and mergers within industries where he saw competition.
Morgan’s influence extended beyond finance. He was instrumental in the formation of several prominent multinational corporations, including U.S. Steel, International Harvester, and General Electric. He and his partners also held controlling interests in numerous other American businesses, including Aetna, Western Union, the Pullman Car Company, and 21 railroads. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse. His dedication to efficiency and modernization helped transform the shape of the American economy. Morgan passed away in Rome, Italy, in 1913, leaving behind a fortune estimated at $80 million (equivalent to $2.5 billion in 2023).
April 15, 1912
Almost everyone knows the story of the “unsinkable” ship, The Titanic, that met its tragic fate in the Atlantic off the coast of Canada. Even if they can’t remember all the details, they know of the ship, the iceberg, and the catastrophe that followed.
But what if the public hasn’t heard the whole story? What happened that night has been played out and examined by experts since April 15, 1912. Every note taken and move made by crew members analyzed and scrutinized to help solve the mystery of that tragic night.
What would cause such a tragedy to occur?
SOURCES
(1) 18 American Titanic Facts You Need To Know.
https://www.titanicbelfast.com/news/18-american-titanic-facts-you-need-to-know/
(2) 12 Famous People Who Didn’t Board the Titanic.
https://historycollection.com/12-dramatic-stories-people-just-missed-ride-titanic-saved-lives/
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